LIBOR rate a case of Price Fixing?
Tags: Credit + Economy + investing + LIBOR + Mortgages
LIBOR, the London Interbank Offering Rate, is broken and must be fixed. It seems that participating banks that set the LIBOR are reporting mysteriously divergent borrowing costs. UBS for example, which has reported $38 billion in write-offs related to the mortage crisis, has
May 27, 2008 - Economy, Markets - 0 Comments
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